You can pay attention to puppies😎

Pepe (PEPE) has a market value of 10 billion. Can it exceed 100 billion in 2025?

According to Coinglass data, the PEPE spot indicator showed an outflow of more than 2.61 billion US dollars last week. Large-scale outflows from exchanges often indicate upside potential because investors store tokens in personal wallets or cold storage. The less PEPE there is on the exchange, the higher its scarcity value.  On December 14, a dormant whale account was activated and 2.1 trillion PEPE was transferred in full.

Investors initially purchased at $27, and the current value is more than 1.9 million times that amount. This huge shift often means that whales are confident in the asset or are preparing for price changes.  Binance's PEPEUSDT long-short ratio reached 4.15, showing that traders are quite interested. Currently, about 20% of the top Binance traders hold short positions, while 80% hold long positions.

From a technical perspective, PEPE has shown a descending triangle pattern after a brief consolidation near the $10 billion market cap. If PEPE can close above $0.000032 on a weekly candlestick chart, it is very likely to break out. According to price forecast analysis, by January 16, 2025, PEPE is expected to climb 226% to $0.000074.

Its 14-day relative strength index (RSI) is 51, indicating that PEPE is neither overbought nor oversold, which means there is an opportunity for an upside. Combined with these indicators, PEPE is justified by slightly higher prices than mid-November. As long traders expect a sharp rise in the coming days, PEPE continues to trade above its moving average.

Currently, PEPE has a large transaction volume of $1.82 billion and the number of active addresses is 6,230. 90% of holders are in profit, and the token has attracted a lot of investment due to bullish market expectations. According to IntoTheBlock data, about 20% of PEPE holders have entered the market in the past month.  

#PEPE创历史新高 #比特币市场波动观察